Colliers International Boston's Week In Review

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Real Estate Articles of Note
February 2 – February 8, 2019

The following represents articles of interest to the Boston real estate community that appeared in various publications during the week. Certain news links may require site registration or subscription to access the complete article.

 

 

 

Amazon is reportedly having second thoughts about N.Y. But don’t get your hopes up, Boston
BostonGlobe.com — February 08, 2019
As opposition mounts to the approximately $3 billion in tax breaks that New York city and state officials offered, Amazon is reportedly “reconsidering” its plan.

 

Kendall Rising: Development in the Cambridge neighborhood is 'sky-high'
Boston Business Journal — February 07, 2019
Cambridge’s Kendall Square neighborhood is often referred to as the center of the life sciences universe, and judging from the amount of real estate development going on there, that label is not far off the mark.

 

Greenway Garage Redeveloper Adds More Housing
Banker & Tradesman — February 07, 2019
A developer has agreed to reduce the height of a luxury housing development next to Boston’s Faneuil Hall Marketplace in response to neighborhood concerns about shadows on the Rose Fitzgerald Kennedy Greenway.

 

Brigham, South Shore Health announce plans to build medical center in Quincy
Boston Business Journal — February 07, 2019
The city of Quincy is taking a major step in the redevelopment of its downtown, with the construction of a major medical building to be operated jointly by South Shore Health System and Brigham Health.

 

EMD Serono to build $70M expansion in Billerica after GSK deal
Boston Business Journal — February 06, 2019
On the heels of a partnership with drug giant GlaxoSmithKline to develop a cancer drug, EMD Serono has announced a $70 million, 145,000-square-foot expansion of its Billerica research and development facility.

 

Developer proposes 200-foot observation wheel off Long Wharf
The Boston Globe - Print Edition — February 06, 2019
Canadian developers hope to build an “observation wheel” off of Long Wharf, a structure that would change one of the most historic spots on Boston’s waterfront.

 

South Shore Chamber Unveils Push for More Housing
Banker & Tradesman — February 06, 2019
Business leaders on the South Shore think they can transform the region's business community into housing advocates, and at the same time help their region snag a slice of the Boston area's future economic growth.

 

Cambridge Reclaims Top Lab Spot With $438M Deal
Banker & Tradesman — February 05, 2019
Cambridge has reclaimed the mantle of highest price ever paid for lab space in Greater Boston, with an investor paying $1,880 per square foot for a stake in a 3-year-old Kendall Square development.

 

Mass. ranks second in U.S. for AI jobs demand, according to survey
Boston Business Journal — February 05, 2019
Massachusetts recruits more artificial intelligence jobs per capita than all other U.S. states except Washington, according to a new research report.

 

Blue Line-Red Line connector a state priority now—by 2040
Curbed Boston — February 05, 2019
Longterm plan sees Blue Line tunnel extended 1,500 feet under Cambridge Street in downtown Boston

 

6 Boston towers set to be at least 300 feet
Curbed Boston — February 05, 2019
Not every new Boston tower is a height monster like One Dalton or the forthcoming Winthrop Center. Those both stretch more than 600 feet and therefore well into the ranks of Boston’s tallest buildings.

 

Roxbury’s Tremont Crossing could break ground in April
Curbed Boston — February 04, 2019
Project dating from the start of the decade now includes plans for 727 housing units

 

Legal giant MoFo raids Boston law firm for 23 attorneys
Boston Business Journal — February 04, 2019
San Francisco-based Morrison & Foerster LLP has opened a formal Boston office by hiring away 23 lawyers from the much smaller Riemer & Braunstein LLP — including multiple practice group leaders, and a local partner from Proskauer Rose LLP.

 

 

COLLIERS IN THE NEWS

 

 

WeWork signs a deal for 11 floors in State Street’s longtime home
BostonGlobe.com — February 05, 2019
The company will soon have 16,000 desks in 1.1 million square feet of office space in Boston and Cambridge, more than all but a handful of companies in the area.

 

Economic Outlook and Real Estate Trends 2019 program
nerej.com — February 08, 2019
The overall sentiment of the speakers was positive and all agreed that Boston has a very diversified economy that is firing on all cylinders and the outlook for the commercial real estate market is positive.

 

Baystate Business: Markets, ESG, Real Estate (Radio)
Bloomberg — February 07, 2019
45:44 - Aaron Jodka of Colliers talked about a number of commercial real estate stories, including a big expansion for WeWork.

 

Insights from Colliers’ 40th Annual Trends In the Real Estate Market Seminar: Tech Trends
colliersinfocus.com — February 07, 2019
At Colliers International’s 40th Annual Trends In The Real Estate Market Seminar, “Connecting The Dots,” our panel of colleagues Shaun Simons (London), Jay Sternberg (San Francisco), and Frank Wallach (New York) touched on tech and its growth in their respective markets. To put it bluntly, while Greater Boston is a tech-centric market with lots of growth, we have nothing like the scale of the expansion in these other markets.

 

What Housing-Starved Cities Can Learn From This Major City's Single-Family Zoning Ban
Bisnow — February 03, 2019
Minneapolis' recent ban on single-family zoning is heralded as instrumental in avoiding a housing crisis seen in places like San Francisco and Boston.

 

 

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